The Elements of Innovation Discovered
The Elements of Innovation Discovered
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The minerals commodities industry may be worth trillions, but it has lost billions in less than a decade to fraud perpetrated by industry insiders due to roughly half of the world's mining companies and their warehousing networks still relying on paper documents. This industrial blind spot has been made public by a series of news reports of fraud in metals trading, with the latest incidents having revealed devastating inadequacies in the records and storage systems of...
Like flying cars and jet packs, space travel, colonization and resource mining are all lagging behind the imaginations of Hollywood, scientists, and billionaire CEOs. This is partly because NASA and its Jet Propulsion Laboratory (and any other nation's government-supported agencies) have a problem – the project ambitions of the U.S. Congress-funded space agency is hedged by the variable length of a presidential term and the resulting appointments. Therefore, it is up to the p...
Burgeoning startup LexSet is taking an innovative approach to artificial intelligence training by creating an infinite amount of information by generating synthetic data. Based in Brooklyn, New York, the now synthetic data generation company did not initially start with plans to become so. Originally focused on creating a spatially aware AI for interior design, their vast accumulation of data inevitably led them to discover the potential of synthetic data for powering visual...
Aptly named startup Phoenix Tailings seeks to transform a core concern within the mining sector, the waste materials from mining, into a profitable and sustainable new solution and market. Founded in 2018, Boston-based Phoenix Tailings saw potential untapped value in the waste left behind by the refining of metals and decided to get into the business of mining this mine waste, which could revolutionize the sector if done sustainably and economically. Intending to leverage this...
Newlab LLC, in collaboration with the Vimson Group, presented their Transformative Technology Applied to Mining event during an April 28 webinar showcasing Prospect Mining Studio. This partnership represents a cohort of startup companies that leverages the power of frontier technology to help the mining industry become safer and more sustainable through innovations across multiple fields of study. Founded in 2006, Newlab serves as a hardware-focused shared workspace, research...
